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TURKEY WAS THE THIRD IN DEBT INCREASE
Turkey, in the first quarter of the year, although not felt much impact of the epidemic, was third in developing countries increased the most debt.
Yazar: Tom Roberts
Yayınlanma: 26 Temmuz 2020 23:44
Güncellenme: 17 Eylül 2024 16:21
TURKEY WAS THE THIRD IN DEBT INCREASE
According to the report of the International Finance Institute (IIF), the increased costs and loss of workforce due to the corona virus outbreak have multiplied the debt ratio in the gross domestic product (GDP) of many countries, especially in developing countries. IIF Sustainability Research Director, according to a report by Emre Tiftik and Assistant Economist Khadija Mahmood; Turkey, in the first quarter of the year, although not felt much impact of the epidemic, after China and South Korea was third in developing countries increased the most debt . The debt of developing countries, which was 70.6 trillion dollars in the last quarter of 2019, increased to 72.6 trillion dollars in the first quarter of this year. In the report, developing countries this year maturities next year the debts of dollars next 3.7 trillion will rise to $ 4 trillion, it's 17 percent of the currency of the country will be forced most to pay the debt to be established in China, the United Arab Emirates and emphasized it would be Turkey. In the first quarter of 2020, as the effects of the epidemic started to be seen in some countries, especially in China, global debts reached 331 percent of GDP and broke a record with $ 258 trillion. In the last quarter of last year, global debt amount was 249 trillion dollars and its share in GDP was 320 percent. In the second and third quarter, where the effect of the pandemic intensifies, this amount is expected to increase many times over.İLGİLİ HABERLER
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